Following the close of the Kindred at Home acquisition in the third quarter, Humana Inc. (NYSE: HUM) plans to spin off and sell the company’s hospice business to capitalize on high market valuations. The company also expects to see substantial cost savings through reduced hospitalizations and skilled nursing admissions as more care moves into the […]
Humana Inc. (NYSE: HUM) plans to divest itself of Kindred at Home’s hospice business following its forthcoming acquisition, expected to close in the third quarter. Humana, which has held 40% ownership of Kindred at Home since 2018, has signed a definitive agreement to purchase the remaining 60% stake from the private equity firms TPG Capital […]
Insurance giant Humana Inc. (NYSE: HUM) has penned a definitive agreement to acquire the remaining 60% stake in Kindred at Home for $8.1 billion. Humana, which currently holds 40% ownership of the business, is purchasing the additional stake from the private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe. The $8.1 billion price […]
Despite facing forceful pandemic-related headwinds from COVID-19, mergers and acquisitions and organic growth are fueling market share growth among the organizations listed in the LexisNexis 2020 Top Hospice Providers report. VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), led the charge as the largest hospice provider in the United States last year, with 4.42% […]
Among the nine insurance companies that will participate in the Medicare Advantage carve-in during the program’s first year in 2021, Humana, Inc. (NYSE: HUM) operates the most plans that will offer hospice. The carve-in, formally known as the hospice component of the value-based insurance design (VBID) model, is designed to assess payer and provider performance […]
Though the hospice space remains fragmented, mergers and acquisitions are driving up market share, particularly for large providers. Along with service diversification and application of emerging technologies, M&A is helping to drive growth among the organizations named in LexisNexis Top 100 Hospices of 2019. With 4.5% of market share, VITAS Healthcare, a subsidiary of Chemed […]
Humana Inc. (NYSE: HUM) is a payer that has become a health care provider through the 2018 acquisitions of Kindred Healthcare and the hospice provider Curo, which operates 245 locations in 22 states. The two acquisitions now form the nucleus of the company’s Humana at Home subsidiary. Integrating Kindred and Curo into the insurance giant’s […]
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